Singtel named as a 2016 World's Most Ethical Company by the Ethisphere Institute for 6th straight year
SINGAPORE, 8 March 2016 – For the 6th straight year, Singtel has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2016 World’s Most Ethical Company®.
Singtel was one of only two in the Telecommunications category, and the only telecommunications company in Singapore and Asia to be honoured this year. The award recognises organisations that align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
Ms Aileen Tan, Singtel’s Group Chief Human Resources Officer, said, “At Singtel, we recognise that our reputation and long-term success depend on how well we live up to our social and environmental responsibilities, as well as our strong execution of corporate governance. We remain committed to all three aspects in building a sustainable business that meets the expectations of all our stakeholders.”
"Companies rely on Ethisphere to continually raise and measure the standards of corporate behaviour. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage," explained Ethisphere’s Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Singtel for being recognised as a World's Most Ethical Company."
Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent and standardised way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance programme (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.